TEHRAN (FNA)- The multi-billion-dollar gas pipeline which is due to take Iran’s rich energy reserves to Pakistan will be completed soon, Pakistani Ambassador to Tehran Khaled Aziz Baqer said on Wednesday.
“A part of Pakistan’s energy needs will be supplied by Iran in the near future and the gas pipeline and the power generation plants (which will feed on this pipeline) will go on stream soon,” Aziz Baqer said in a meeting with Governor-General of Khorassan Razavi province Mahmoud Salahi in Northeastern Iran.
He also described the level of ties between Iran and Pakistan as desirable, and announced his country’s enthusiasm for investment in Khorassan Razavi province and other parts of Iran.
Demand for natural gas in Pakistan has outstripped supply in recent years, putting existing reserves under immense pressure. The total consumption of natural gas in the country stands at 3480 MMCFD million cubic feet per day of which the power sector consumes 959 mmcfd, with 747 mmcdf being consumed in the domestic sector. Meanwhile 578 mmcfd of gas is consumed by the fertilizer industry, four mmcfd by the cement industry. While 107 mmcfd is consumed commercially. 327 mmcfd is consumed by CNG cylinders which are widely installed in locally manufactured vehicles in Pakistan.
The 2700-kilometer long pipeline was to supply gas for Pakistan and India which are suffering a lack of energy sources, but India has evaded talks. Last year Iran and Pakistan declared they would finalize the agreement bilaterally if India continued to be absent in the meetings.
According to the project proposal, the pipeline will begin from Iran’s Assalouyeh Energy Zone in the south and stretch over 1,100 km through Iran. In Pakistan, it will pass through Baluchistan and Sindh but officials now say the route may be changed if China agrees to the project.
The gas will be supplied from the South Pars field. The initial capacity of the pipeline will be 22 billion cubic meters of natural gas per annum, which is expected to be later raised to 55 billion cubic meters. It is expected to cost $7.4 billion.
Source: Fars News